LT on higher Time Frame of Daily have Just broken a very Long imp trendline and then on shorter period is performing a Triangle Pattern.
Breakout on Upper side is expected.
Also if Nifty Infra Breakout from a long resistance of months. This can surely be a good strong move.
Note : This is purely for a educational purpose. Do not trade with this . Do your due...
There can be a BO on Kotak Mahindra Bank.
The Stock has taken support on Important Resistance Level.
There can be a upside BO possible.
BO above the Triangle is to be observed.
Maintain a Small SL and can be traded.
Hero Moto Corp Guys is in a very good Support Level of Fib 32.8 %.
At a Very good Supply Zone.
The RSI is a at a very Good support Levels.
Stop loss to maintain is very short.
Good Risk to Reward Ratio.
NSE:HEROMOTOCO
Long Logic
There is a cup and Handle Pattern Which is forming.
Weekly Chart is Bullish.
Breaking above the Resistance and sustaining those level may lead to see a 1910 Targets on Upside.
Observing RSI Crossing 60 Would be another confirming Signal.
Channel Breakout/ See the movement from lower channel to higher channel line basis candle pattern.
Weekly Chart Seems Bullish. Daily might give break out over All time High in few session Airtel can enter High Speed Zone
